Oil Deliveries News

Imports of fuel oil bound for the U.S. Gulf Coast fell to a five-year low last month as refiners ran more cheap, heavy Canadian crude and geopolitical tensions in the Middle East pressured fuel oil flows.Fuel oil deliveries to the Gulf Coast dwindled in February to just 318,000 barrels per day (bpd), a 20% drop from the prior month and marking their lowest level since February 2019, data from tanker tracking firm, Kpler showed.Heavy fuel oil feedstocks like high sulfur fuel oil…

Singapore's Maritime and Port Authority (MPA) will launch a digital bunkering initiative on Nov. 1, making the city-state the first port in the world to use electronic bunker fuel delivery notes, the MPA said on Monday.The digital notes will replace physical documents containing information on fuel oil deliveries. Under the initiative, fuel suppliers, ship owners, operators, and crew will be encouraged to use mobile and cloud-based applications approved by the MPA to complete and issue bunkering documents.

Sinopec Fuel Oil (Singapore) Pte Ltd aims to raise its monthly bunker sales volumes by more than 50% after it received a license from the Singapore government this month, the company’s general manager said on Monday.Chinese refiners are expanding their foothold in the global marine fuels sector by increasing sales and output of 0.5% low sulphur fuel oil at key ports in Zhoushan, in China, and Singapore in recent years.The Maritime and Port Authority of Singapore (MPA) awarded the bunker license to Sinopec's Singapore fuel oil unit on June 1, the MPA said on its website, allowing the company to

U.S. oil offshore losses remained at 76% on Thursday after Hurricane Ida hit the Gulf of Mexico, according to government data, which prolonged outages and caused the first oil cargo shipment cancellations to buyers in Asia.Production should be disrupted for several more days amid lasting damages to transfer stations and offshore facilities used by different companies, analysts said, with impact to oil prices."It seems to be at least more than a week away until most of the shut-in Gulf of Mexico production is restored…

Singapore law firm asks for vessels to be arrested; bunker barges owned by Vermont UM Shipping. Four marine refuelling barges owned and operated by Vermont UM Shipping Pte Ltd were seized in Singapore on Monday night, according to the website of Singapore's Supreme Court. Singaporean law firm Rajah & Tann seized the vessels over unpaid claims on behalf of its client, Malayan Banking Berhad, or Maybank, said a source with direct knowledge of the matter who declined to be identified as the person is not authorised to speak to the media. The source declined to specify the amount of the claims against Vermont UM Shipping. Rajah & Tann did not respond to an emailed request for comment. Maybank also did not respond to an emailed request for comment.

The International Bunker Industry Association (IBIA) believes the benefits achieved from adopting mandatory use of Mass Flow Meters (MFMs) for marine fuel oil deliveries in Singapore must be protected by effective enforcement, and that using approved MFMs to measure quantity being loaded onto bunker tankers as well as that delivered to ship would address a missing link in supply chain integrity. The Singapore regulation that came into effect on 1 January 2017 was widely perceived to be a significant step forward in promoting greater transparency and ensuring the accuracy of delivered tonnage in the port, but it hasn’t all been plain sailing.

In a move which has been hailed as a landmark moment for the bunker industry, the use of mass flow metering (MFM) for heavy fuel oil bunker deliveries in Singapore became mandatory on January 1, 2017. The Maritime and Port Authority of Singapore’s (MPA) efforts have been applauded by many in the industry – including World Fuel Services – who see MFM as an important tool for developing more transparency and accountability for the bunker supply chain. So how does MFM work, and why is it so important to the bunkering industry? When a mass of liquid passes through an oscillating tube, the inertia effect of the moving liquid will cause the tube to twist – and the twisting will be in direct proportion to the liquid‘s mass flow.

The world’s first National Technical Reference for Bunker Mass Flow Metering (TR48 : 2015) was launched in support of the Maritime and Port Authority of Singapore (MPA)’s and industry’s initiative to use the mass flow metering (MFM) system for marine fuel oil deliveries in Singapore with effect from January 1, 2017. MPA said the TR sets out clear requirements for measurement and system integrity that provides a fair basis for custody transfer between the bunker supplier and bunker buyer in Singapore. Bunkering in Singapore has grown tremendously since standardized bunker delivery procedures were adopted in the early 1990s. MPA has reported record bunker sales volume of 45.16 million metric tons in 2015, making Singapore the world's largest bunkering port.

The Houston Ship Channel was re-opened after a burning tanker prompted a nearly three-hour shutdown of a two-mile-long (3.20-km-long) section of the largest petrochemical port in the United States. The fire was extinguished nearly 90 minutes after it started, but the channel remained closed for nearly another 90 minutes as firefighters monitored the air to ensure no toxic fumes lingered, Coast Guard Petty Officer 1st Class Andrew Kendrick said. "Initially it was a big fire, but it came down pretty quickly," he said. Earlier on Monday, flames were seen shooting from the tanker Navigator Europa, moored outside the Targa LPG export terminal, according to a source and Reuters vessel tracking data. A representative for Targa Resources Corp did not respond to a phone call seeking comment.

A burning tanker in the Houston Ship Channel on Monday prompted the U.S. Coast Guard to close a two-mile-long (3.20-km-long)section of the largest petrochemical port in the United States. The fire was extinguished nearly 90 minutes after it started, but the channel remained closed as firefighters monitored the air to ensure no toxic fumes lingered, Coast Guard Petty Officer 1st Class Andrew Kendrick said. "Initially it was a big fire, but it came down pretty quickly," he said. Kendrick confirmed that the tanker was loading ethylene when the fire started, and said no injuries had been reported. Ethylene is a chemical used in making plastic. He said a few outbound ships were waiting to move, and a tugboat was waiting to go further into the channel.

The first Russian LNG cargo for delivery to Japan has been successfully loaded from the Sakhalin II LNG plant into the Energy Frontier LNG carrier. The Energy Frontier left the Prigorodnoye port on 29 March for the Sodegaura terminal in Tokyo Bay, with a cargo of some 145 thousand cubic metres of LNG intended for two of the Company's foundation customers - Tokyo Gas and Tokyo Electric. The LNG was loaded through the 805-metre long jetty at the Prigorodnoye port, which was purpose built for the year-round export of liquefied natural gas (LNG) and oil. "This is a key milestone, the culmination of many years of effort by the Russian federation…

BP has placed an order for a fourth double-hull oil tanker for use in delivering Alaska North Slope crude oil to refineries on the west coast. BP placed orders for three tankers in September 2000. Construction of the 1.3-million-barrel-capacity tankers will begin in early 2002. National Steel and Shipbuilding Co. (NASSCO) of San Diego is scheduled to deliver the first ship in late 2003 with subsequent ships being delivered in 2004, 2005 and 2006. BP will complete conversion of its Alaska fleet to double hulls in 2006. The four-ship order, with options for two additional tankers, has been matched to BP?s Alaskan production plans for the next decade.

Average crude oil prices for July were little changed from June. The West Texas Intermediate (WTI) spot average for July was $30.75 per barrel compared to $30.66 in June. EIA’s Outlook is for prices to remain firm through the rest of 2003, or at least until autumn, when OECD oil inventories may rebuild above observed 5-year lows. Once inventories have been rebuilt, WTI oil prices may slide gradually to $26 per barrel during 2004, as Iraqi oil exports return to near pre-war levels. U.S.

National Steel and Shipbuilding Company (NASSCO) recently floated out Hull 484, the first of four Alaska Class, double-hull oil tankers being built for BP Oil Shipping Company, USA. The ship will be finished dockside in preparation for delivery in June 2004. The company also held a keel-laying ceremony for Hull 485, the second double-hull oil tanker being constructed for BP. BP's Site Team Member Steve Huddart welded his initials into the keel to signify the start of construction. The second ship is scheduled to be delivered in November 2004, with subsequent ships to be delivered in 2005 and 2006. The four ships are being constructed sequentially in NASSCO's 1,000-foot graving dock.

Preparing to name the Alaskan Frontier are Richard Vortmann, President of NASSCO, ship's Sponsor Pamela Olver, spouse of Richard Olver, Deputy Group Chief Executive of BP, Richard Olver, Diane Malone, Matron of Honor, spouse of Bob Malone chief executive of BP Shipping, Ltd., and Bob Malone. National Steel and Shipbuilding Company (NASSCO joined BP p.l.c. in naming the Alaskan Frontier, the first of four Alaska-class double-hull oil tankers being built for BP Oil Shipping Company.

In its May Oil Market Report the International Energy Agency (IEA) raised its forecast for 2004 world oil demand by 0.27 mbd. Altogether oil demand growth in 2004 amounts to 1.9 mbd or a change over 2003 of 2.5% resulting in a total demand of 80.6 mbd. In absolute terms the 2004 demand increase represents the single largest annual gain since 1988. Previous upward revisions to oil demand growth had centred on China but this time increased growth is estimated for North America and Europe. North America will in 2004 have increased oil demand by 1.6%, Europe by 1.5%, China by 13.6%, other Asia by 5.1%, Middle East by 4.9% Africa and Latin America by 1.7%. Oil demand is set to decline by 2% in the Former Soviet Union and by 1.6% in OECD Pacific.

construction on the vessel. National Steel and Shipbuilding Company (NASSCO) held a keel-laying ceremony for Hull 486, the third of four Alaska Class, double-hull oil tankers being constructed for BP Oil Shipping Company, USA. BP's Site Team Member Stan Taylor welded his initials into the keel to signify the start of construction. The first ship, the Alaskan Frontier, is being prepared for sea trials and will be delivered later this year. The second ship is undergoing construction and is scheduled to be delivered in 2005, with the third and fourth ships to be delivered in 2005 and 2006.

Mid last month General Dynamics divulged that its National Steel and Shipbuilding Co. (NASSCO) unit had won a lucrative and much sought after contract to build three double hull tankers for BP. The deal, worth approximately $630 million, calls for a tanker trio which will carry crude from Valdez, Alaska, to U.S. West Coast ports. The contract includes options for three additional vessels, driving the potential price-tag for the project to well more than $1 billion. The design will put strong emphasis on environmental safety, including redundant diesel-electric propulsion systems in independent engine rooms, two propellers, and twin rudders. The ship will incorporate the latest, proven technology in environmental protection, ship navigation, and cargo control systems.

National Steel and Shipbuilding Company (NASSCO) recently held a start-of-construction ceremony for NASSCO Hull 487, the fourth of four Alaska Class, double-hull oil tankers being constructed for BP Oil Shipping Company, USA. BP's Site Team Member Richard Blaine activated a robotic welding machine and cut the first piece of steel for the new ship. "These double-hull tankers are among the most environmentally friendly ships ever built, incorporating the latest in tanker design and construction," said Richard Vortmann, president of NASSCO. "They will provide BP with the best available technology to protect US waters." Vortmann said the design of the four 1.3-million-barrel-capacity tankers in the Alaska Class will allow maximum flexibility for oil deliveries to West Coast ports…

National Steel and Shipbuilding Company (NASSCO) recently held a start-of-construction ceremony for NASSCO Hull 487, the fourth of four Alaska Class, double-hull oil tankers being constructed for BP Oil Shipping Company, USA. BP's Site Team Member Richard Blaine activated a robotic welding machine and cut the first piece of steel for the new ship. "These double-hull tankers are among the most environmentally friendly ships ever built, incorporating the latest in tanker design and construction," said Richard Vortmann, president of NASSCO.

National Steel and Shipbuilding Company (NASSCO, www.nassco.com), a wholly owned subsidiary of General Dynamics, has joined BP p.l.c. in naming the Alaskan Explorer, the second of four Alaska-class double-hull oil tankers being built for BP Oil Shipping Company, USA. Maureen Hayward, spouse of Tony Hayward, Group Chief Executive of Exploration and Production for BP, was the ship's sponsor, officially naming the Alaskan Explorer and striking a ceremonial bottle of champagne across the ship's hull.

National Steel and Shipbuilding Company (NASSCO) delivered the Alaskan Frontier, the first of four Alaska-class double-hull oil tankers being built for BP Oil Shipping Company, USA. Touted as state-of-the-art ships and environmentally friendly — backed by an innovative diesel-electric propulsion system, with redundant engines, shafts and screws, significantly increases reliability and reduces air emissions and maintenance downtime — the ship has been designed for a life of 35 years with a deck structure designed for a life of 50 years. The ship uses seawater instead of oil to cool and lubricate their propeller shafts, thus eliminating the possibility of accidental oil leaks. Their cargo piping, normally installed on the deck, is inside the cargo tanks, to reduce the risk of small spills.

Mid last month, General Dynamics divulged that its National Steel and Shipbuilding Co. (NASSCO) unit had won a lucrative and much sought after contract to build three double hull tankers for BP. The deal, worth approximately $630 million, calls for a tanker trio which will carry crude from Valdez, Alaska, to U.S. West Coast ports. The contract includes options for three additional vessels, driving the potential price-tag for the project to well more than $1 billion. The design will put strong emphasis on environmental safety, including redundant diesel-electric propulsion systems in independent engine rooms, two propellers, and twin rudders. The ship will incorporate the latest, proven technology in environmental protection, ship navigation, and cargo control systems.